Legrand SA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Legrand SA stock price after Wednesday trading.
(Updated on Jun 12, 2024)
The Legrand SA stock price gained 2.43% on the last trading day (Wednesday, 12th Jun 2024), rising from 96.92€ to 99.28€. During the last trading day the stock fluctuated 3.43% from a day low at 96.68€ to a day high of 100.00€. The price has fallen in 7 of the last 10 days and is down by -2.33% for this period. Volume fell on the last day by -3 thousand shares and in total, 482 thousand shares were bought and sold for approximately 47.84€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.17% during the next 3 months and, with a 90% probability hold a price between 102.02€ and 110.94€ at the end of this 3-month period.
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LR.PA Signals & Forecast
There are mixed signals in the stock today. The Legrand SA stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 99.99€. On a fall, the stock will find some support from the short-term average at 98.21€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 2.43%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Legrand SA stock
Legrand SA finds support from accumulated volume at 99.10€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 3.32€ (3.43%) between high and low. For the last week, the stock has had daily average volatility of 1.92%.
Our recommended stop-loss: 93.84€ (-5.48%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (LR.PA) For The Upcoming Trading Day Of Thursday 13th
For the upcoming trading day on Thursday, 13th we expect Legrand SA to open at 98.65€, and during the day (based on 14 day Average True Range), to move between 97.39€ and 101.17€, which gives a possible trading interval of +/-1.89€ (+/-1.90%) up or down from last closing price. If Legrand SA takes out the full calculated possible swing range there will be an estimated 3.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 99.10€ (0.18%) than the resistance at 99.64€ (0.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Legrand SA stock A Buy?
Legrand SA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.367 Hold/Accumulate Upgraded
Predicted Opening Price for Legrand SA of Thursday, June 13, 2024
| Fair opening price June 13, 2024 | Current price |
|---|---|
| 98.65€ ( 0.631%) | 99.28€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LR.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 101.97 | 2.71% |
| R2 | 100.71 | 1.44% |
| R1 | 99.92 | 0.646% |
| Price | 99.28 | |
| S1 | 97.39 | -1.91% |
| S2 | 96.60 | -2.70% |
| S3 | 95.33 | -3.98% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 103.35 | 4.10% |
| R2 | 101.10 | 1.83% |
| R1 | 99.64 | 0.363% |
| Price | 99.28 | |
| S1 | 99.10 | -0.181% |
| S2 | 97.74 | -1.55% |
| S3 | 96.60 | -2.70% |
LR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 04, 2024 | 2.09€ | 2.14% |
| 2 | Jun 02, 2023 | Jun 02, 2023 | Jun 02, 2023 | 1.90€ | 2.14% |
| 3 | May 30, 2022 | May 30, 2022 | May 30, 2022 | 1.65€ | 2.02% |
| 4 | May 27, 2022 | May 27, 2022 | May 27, 2022 | 1.65€ | 2.01% |
| 5 | May 28, 2021 | May 28, 2021 | May 28, 2021 | 1.42€ | 1.65% |
FAQ
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